Originally Posted by
takhliq1
100K insurance provided by FDIC is per account. It does not matter whether its individual or a joint account.
Ahh, but it does. Ownership is very important in determining insurance. It has nothing to do with the number of accounts, though.
Here are all the regs and a calculator to show you what's covered:
http://www.fdic.gov/deposit/deposits/index.html
A married couple with the following balances in their accounts at a single bank would be fully FDIC insured:
John & Mary (Joint): $200,000
Mary (Individual): $100,000
John (Individual): $100,000
John (IRA): $250,000
Mary (IRA): $250,000